Kirby Co. (NYSE:KEX) VP Scott P. Miller Sells 1,244 Shares

Kirby Co. (NYSE:KEX) VP Scott P. Miller sold 1,244 shares of Kirby stock in a transaction dated Wednesday, February 5th. The shares were sold at an average price of $107.61, for a total value of $133,866.84. Following the completion of the transaction, the vice president now directly owns 5,545 shares of the company’s stock, valued at $596,697.45. This represents a 18.32 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Kirby Stock Performance

Shares of NYSE:KEX opened at $106.32 on Friday. The stock has a market capitalization of $6.10 billion, a P/E ratio of 21.65, a P/E/G ratio of 0.55 and a beta of 1.19. The company has a current ratio of 1.67, a quick ratio of 1.05 and a debt-to-equity ratio of 0.29. Kirby Co. has a 1-year low of $83.24 and a 1-year high of $132.21. The business has a 50-day moving average price of $110.30 and a two-hundred day moving average price of $117.36.

Kirby (NYSE:KEX) last announced its quarterly earnings data on Thursday, January 30th. The shipping company reported $1.29 earnings per share for the quarter, missing the consensus estimate of $1.30 by ($0.01). Kirby had a net margin of 8.78% and a return on equity of 9.78%. Equities analysts predict that Kirby Co. will post 6.54 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. AGF Management Ltd. lifted its stake in Kirby by 371.4% in the fourth quarter. AGF Management Ltd. now owns 66,313 shares of the shipping company’s stock valued at $7,016,000 after buying an additional 52,247 shares during the period. Amundi acquired a new stake in shares of Kirby in the 4th quarter valued at approximately $2,143,000. PNC Financial Services Group Inc. boosted its stake in Kirby by 9.4% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,402 shares of the shipping company’s stock worth $466,000 after acquiring an additional 379 shares during the last quarter. Ashton Thomas Private Wealth LLC grew its holdings in Kirby by 9.2% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 22,308 shares of the shipping company’s stock valued at $2,360,000 after purchasing an additional 1,881 shares during the period. Finally, Inceptionr LLC grew its holdings in Kirby by 13.7% during the fourth quarter. Inceptionr LLC now owns 7,482 shares of the shipping company’s stock valued at $792,000 after purchasing an additional 901 shares during the period. 96.15% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KEX shares. Stifel Nicolaus dropped their target price on shares of Kirby from $136.00 to $135.00 and set a “buy” rating for the company in a research note on Friday, January 31st. StockNews.com cut shares of Kirby from a “buy” rating to a “hold” rating in a research report on Thursday, January 9th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $129.25.

About Kirby

Kirby Corporation operates domestic tank barges in the United States. Its Marine Transportation segment provides marine transportation service and towing vessel transporting bulk liquid product, as well as operates tank barge throughout the Mississippi River System, on the Gulf Intracoastal Waterway, coastwise along three United States coasts, and in Alaska and Hawaii.